Asian palm oil producers' 2008 outlook stable despite high CPO prices - Fitch
, but views the outlook for the palm oil producers to be stable in 2008. The ratings agency saassets by most companies within the sector and high shareholder distributions. The ratings agency said a strong correlation exists between the CPO prices and the world mineral crude oil prices and the relative price of CPO against other vegetable oils still makes it an attractive feedstock in the production of bio-diesel. The demand for CPO will grow further as support continues for 'green energy' in many countries and the demand for edible oil expands in markets such as China and India, the ratings agency said.
